Barrington Research restated their outperform rating on shares of Lawson Products, Inc. (NASDAQ:LAWS) in a report released on Thursday, November 2nd, MarketBeat Ratings reports. The firm currently has a $30.00 target price on the industrial products company’s stock, up from their previous target price of $27.00.
LAWS has been the topic of a number of other research reports. Zacks Investment Research raised Lawson Products from a hold rating to a buy rating and set a $29.00 price objective on the stock in a research note on Wednesday, October 18th. TheStreet upgraded Lawson Products from a c+ rating to a b rating in a report on Thursday, October 5th. Finally, KeyCorp reiterated a hold rating on shares of Lawson Products in a report on Sunday, September 17th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Lawson Products presently has an average rating of Hold and a consensus target price of $28.50.
Lawson Products (NASDAQ LAWS) traded down $0.15 on Thursday, hitting $23.80. The company had a trading volume of 2,800 shares, compared to its average volume of 17,220. The firm has a market capitalization of $212.87, a price-to-earnings ratio of 266.11, a P/E/G ratio of 3.13 and a beta of 1.60. The company has a current ratio of 2.42, a quick ratio of 1.41 and a debt-to-equity ratio of 0.09. Lawson Products has a fifty-two week low of $18.70 and a fifty-two week high of $28.10.
Lawson Products (NASDAQ:LAWS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Lawson Products had a net margin of 1.64% and a return on equity of 1.72%. The business had revenue of $75.65 million for the quarter, compared to analyst estimates of $74.16 million. research analysts forecast that Lawson Products will post 0.51 earnings per share for the current fiscal year.
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Several large investors have recently made changes to their positions in LAWS. Bank of New York Mellon Corp lifted its position in shares of Lawson Products by 1.0% during the 1st quarter. Bank of New York Mellon Corp now owns 33,737 shares of the industrial products company’s stock worth $757,000 after purchasing an additional 350 shares during the last quarter. Menta Capital LLC lifted its position in shares of Lawson Products by 5.7% during the 2nd quarter. Menta Capital LLC now owns 12,986 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 700 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Lawson Products by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,400 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 900 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Lawson Products by 19.0% in the 1st quarter. Wells Fargo & Company MN now owns 6,253 shares of the industrial products company’s stock valued at $140,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Lawson Products by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 44,508 shares of the industrial products company’s stock valued at $999,000 after acquiring an additional 1,338 shares in the last quarter. 64.28% of the stock is owned by institutional investors.
Lawson Products Company Profile
Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.
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